Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $1,005,796.16 in Stock

Unity Software Inc. (NYSE:U) Director David Helgason sold 38,924 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16. Following the sale, the director now owns 7,750,646 shares of the company’s stock, valued at approximately $200,276,692.64. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Helgason also recently made the following trade(s):

• On Wednesday, February 26th, David Helgason sold 38,924 shares of Unity Software stock. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08.
• On Tuesday, December 10th, David Helgason sold 7,860 shares of Unity Software stock. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00.

Unity Software Price Performance

Unity Software stock opened at $25.58 on Monday. The company has a market capitalization of $10.48 billion, a PE ratio of -15.22 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $22.82 and a two-hundred day moving average price of $21.56. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of U. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new position in Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in Unity Software during the third quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software during the fourth quarter valued at $36,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on U shares. Wells Fargo & Company boosted their target price on shares of Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Macquarie boosted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Needham & Company LLC upped their target price on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.04.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.